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Shell still has to prove its BG Group takeover is a slick deal

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Nils Pratley: Wednesday 2 September 2015 

As its £55bn purchase moves closer, falling oil prices mean Shell’s offer is looking less compelling than it did when first announced

Royal Dutch Shell has got the thumbs up from the European commission for its £55bn takeover of BG Group. That is two regulatory hurdles cleared, three to go. At that point, harder questions can be asked. Does this cash and shares deal, unveiled in early April, which feels like a different era for the oil market, still make sense? And will Shell shareholders back it?

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